VRS - Veris Limited

[galumay]

another sad year for VRS, luckily my position is tiny and who knows, one day they might turn it around.

If you were looking for a positive, I guess its the free cash flow which was put to use in reducing debt.

 

[Dona Ferentes]

another sad year for VRS, luckily my position is tiny and who knows, one day they might turn it around

Not yet, it would seem .... 4 yrs on.

If you were looking for a positive, I guess its the free cash flow which was put to use in reducing debt.

Almost daily buyback notices. Limited news flow, though I note an upkick on the "small caps webinar" circuit

 

[Tommy Shelby]

I've had a look at this a few times - the concern I've got is they're barely profitable during a major infrastructure investment period which appears to be the main revenue source for their business model.

I understand that labour costs have blown out but considering the forecast drop off in infrastructure spend end in the short-medium term in NSW under the current government I can't see this improving.

Also the survey industry has been experiencing disruption for quite a long time due to technology replacing people which will only continue with LIDAR/drone surveys etc

 

[galumay]

It's awfully cheap for a profitable, debt free business. The problem is as @Tommy Shelby says, it's barely profitable and that is a direct result of the minuscule operating margin. Overall its in as good a shape financially as its ever been, so I would be watching the ROIIC and operating margins - if they show signs of growing consistently it might be worth a look again.

I bought it about 6 years too early if it does come good!!

 

[Dona Ferentes]

Good stuff, guys. I'll catch the podcast and hear what they say.

 

[Dona Ferentes]

Veris (ASX:VRS) - Webinar Presentation - ShareCafe

Michael Shirley - Managing Director & CEO Veris (ASX:VRS) is a leading provider of spatial data services in Australia.

www.sharecafe.com.au